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An update from ClouDr Group Limited ( (HK:9955) ) is now available.
ClouDr Group Limited has announced a proposed issue of convertible bonds with an aggregate principal amount of US$4,500,000 to be issued under a general mandate. The company plans to use the net proceeds for the development of its ordinary business, including the expansion of its pharmacy SaaS and P2M pipeline, as well as for general working capital purposes. The conversion shares will represent approximately 2.58% of the existing issued share capital. This strategic move is expected to bolster the company’s operational capabilities and enhance its market position.
More about ClouDr Group Limited
YTD Price Performance: 19.17%
Average Trading Volume: 4,053,818
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$850.4M
Find detailed analytics on 9955 stock on TipRanks’ Stock Analysis page.